The sabotage of the Nord Stream (NS) and Nord Stream 2 (NS2) pipelines in the Baltic Sea has ominously propelled ‘Disaster Capitalism’ to a whole new, toxic level. This episode of the Hybrid Industrial/Commercial War, in the form of a terror attack against energy infrastructure in international waters, signals the absolute collapse of international law, drowned by an “our way or the highw [...]

Governments are spending hundreds of billions of euros to ease the pain of high gas prices. It may not stop a deep recession. The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global financial crisis. With a continent-wide recession now seemingly inevitable, harsh winter is coming for chemical producers, [...]

The issue is not food shortage but speculation on food commodities and the manipulation of an inherently flawed global food system that serves the interests of corporate agribusiness traders and suppliers of inputs at the expense of people’s needs and genuine food security. [...]

In Germany, they pointed to the desire of the United States to ruin Europe. Forecasts for the German economy are becoming more gloomy every day. But there are winners in this situation – the United States. Only the United States is interested in aggravating the situation in Ukraine and expanding the theater of hostilities, says economics professor Christian Kreis. According to him, a war inv [...]

What makes the US such a potent ally and formidable adversary? Its nuclear arsenal? This helps. As does its incomparable navy and huge, hi-tech army. The soft power from its ubiquitous contributions to culture is clearly important. But none of these really explains America’s unique ability to project power globally. This is conferred by the mighty US dollar. 📃The article continues her [...]

Sanctions imposed by the West on Russia, a major fertilizer exporter, have disrupted supply chains and left farmers in despair worldwide. The rush to impose sanctions on Russia, and the departure of scores of companies from the country, following the launch of the military operation in Ukraine was done with a specific calculus: To devastate the Russian economy. However, in a globalized world where [...]

America's rich & elite are buying second passports. There has been a 300% spike in passport applications in the last 3 years. The reasons cited are the political climate & the pandemic. Are Americans losing faith in their country? Palki Sharma reports. [...]

The greenback threatens to swallow the wealth of both countries and individuals, according to Wang Zaibang. The United States has violated the major principles of the capitalist market economy and is poised to break the global political and economic order, Wang Zaibang, a senior researcher at China’s Taihe Institute, told Russia’s RIA news agency on Thursday. According to the expert, Saudi [...]

A mass movement against the Covid mandate is unfolding coast to coast across Canada in solidarity with cross-border truck drivers. Tens of thousands of people will be joining the truck drivers in Ottawa.  According to Justin Trudeau, unvaccinated truck drivers “may pose a risk of transmitting COVID-19 to the general public”.  What nonsense. Truck drivers for the most part stay in thei [...]

Congress pumped over $6 trillion in cash into the economy over the past year-and-a-half in response to the coronavirus pandemic, with the federal debt reaching over $28.5 trillion in June. Combined US debt, which includes federal liabilities plus other public and private obligations, stands at over $85 trillion, or four times the US’ annual GDP. The Treasury Department moved to invoke � [...]

The country’s economy is cratering, there are shortages of fuel and medicines, and people are going hungry on the streets. Yet what does the West worry most about? Hezbollah helping the starving get food. Lebanon’s caretaker Prime Minister Hassan Diab has warned the international community that the country could collapse in days, as even Israel offers aid fearing the expansion of Lebanese H [...]

As the US runs out of concrete resources to sell, bankers have had to get clever - whether this means repackaging assets already sold six times over or inventing new ways to cash in on items once considered intangible. By the time Americans realized that the promised ‘trickle-down’ theory of neoliberal economics was in fact more of a speedy trickle-up, the government had all but destroyed [...]

Foreign investors and entrepreneurs show growing interest in the development of the Northern Sea Route (NSR), Russian Ambassador at Large for the Arctic Cooperation at the Ministry of Foreign Affairs Nikolay Korchunov told TASS. According to him, international businesses “have high practical demand for Arctic projects, whose long-term strategy stipulates the year-round use of NSR as a main tran [...]

Capitalism has made us cruel. My brother just tested positive for Covid. He can’t smell or taste anything. He feels exhausted. He got it from work. It’s the only place he’s gone for the last year— no friends, no dating, no social life. They wouldn’t give him time off to get vaccinated. They’ve dumped overtime on him for the last month, and they never tell him his schedule more than [...]

Seven years of negotiations have concluded just days after Brussels and London agreed on a post-Brexit trade deal and ahead of tensions with the incoming Biden administration, according to reports. China and the European Union announced a long-awaited investment deal confirmed by Chinese president Xi Jinping and European Commission president Ursula von der Leyen, media reported on Wednesd [...]

The digital yuan cryptocurrency developed by China has the potential to be a gamechanger when it is rolled out fully. By ending the world’s reliance on the dollar, it will alter the geopolitical landscape forever. For several years now, China has been developing the digital yuan, the first cryptocurrency from a central bank and government in the world. And it’s nearing completion. [...]

Debates in Congress over a new COVID-19 relief bill have dragged on for months, even as new coronavirus cases have hit record highs. A slew of federal programs designed to alleviate the economic impacts of pandemic shutdowns will expire in weeks, setting the stage for a series of crises that could leave millions more in the US hungry and homeless. As the COVID-19 pandemic and its associat [...]

Stephen Vizinczey says all a great power has to do to destroy itself is persist in doing the impossible... Like bankruptcy, societies and complex systems collapse slowly then all at once. The cycles that civilisations go through are well documented and whilst in hindsight it’s glaringly obvious to understand what drove the breakdown, in real time we are often too close and too invested trying t [...]

The continuing surge of coronavirus cases across the US along with the inevitable restrictions that are employed to stave off the spread of the pandemic are forecast to weigh heavily on economic recovery. The US economy is predicted as heading towards a potential contraction in economic growth early next year, marking the first "double dip" recession in the country’s history since the e [...]

Given the continued disruptions caused by the pandemic and uncertainty about a vaccine, it would behoove the countries of the world to dial down tensions and expand collaborations, writes Vijay Prashad. In mid-October, the International Monetary Fund (IMF) released its World Economic Outlook report, which offered some dizzying data. For 2020, the IMF estimates that the global Gross Domestic P [...]

Ten members the Association of Southeast Asian Nations (ASEAN) and five other Asia-Pacific countries, including regional leader China, have inked the world’s largest free-trade pact that covers nearly a third of global economy. The long-discussed agreement, officially known as the Regional Comprehensive Economic Partnership (RCEP), was signed on the sidelines of the annual ASEAN summit on S [...]

Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. The Regional Comprehensive Economic Partnership (RCEP) is expected to be announced at the Association of Southeast Asian Nations (ASEAN) Summit, which Vietnam is [...]